May 21, 2019 Posted by AGA Editor

Iran No Longer Uses The US Dollar – War Is Imminent

Iran no longer uses the US dollar in foreign trade transactions, replacing it with other currencies

In trade exchanges with the foreign countries, Iran uses other currencies, including Chinese yuan, euro, Turkish lira, Russian ruble and South Korean won. However, the U.S. dollar has been removed.

The US dollar currently makes up about 2/3rds of the worlds global reserve currency. This is because nearly every oil-exporting country in the world exclusively sells their oil in US dollars (the Petrodollar), so nations are forced to hoard large amounts of US dollars, allowing the US to print it almost to infinity without hyper-inflating their currency. The US government has been doing everything it can to protect their petrodollar status around the globe.

How do they do this? Well, they wage WAR!

Iraq dropped the U.s dollar in 2001. We all know how that turned out.

In 2001, Iraq switched from the petrodollar and began selling their oil in Euro’s. Soon after, sanctions were placed on them followed by an invasion with massive destruction to their infrastructure. The Bush administration galvanized support for the invasion with lies about supposed WMD’s that Saddam was going to use on either his own people or Israel.

Libya dropped the U.s dollar in 2009. We all know how that turned out.

In 2009, President Muhammar Gaddafi proposed the African states shift to a new Golden Dinar that was actually made from physical gold. Many of these interested nations were using the French franc (CFA) circulating as a prime African currency. The US also felt threatened to loose the petrodollar in this oil rich region.

It would have meant huge liquidity in the trillions of dollars they no longer controlled as well as potential hyper inflation for the US dollar who had just quintupled their money supply to pay for 2 major invasions (Iraq and Afghanistan) and to offset their losses from the 2008 recession.

Fearing a diminished influence by the western central banks, the French, UK and US then attacked Libya and utterly destroyed their infrastructure leaving them to be ravaged by years of terror from Al-Qaeda and other factions.

Syria dropped the U.s dollar in 2006. We all know how that turned out.

Syria stopped selling their oil in petrodollars, They had major sanctions placed on them with Syria being invaded by outside terrorist organizations supported, funded and trained by the US government.

Iran dropped the U.s dollar in 2018.

Now there is talk about going to war with them. Do you see the pattern here?

You have to be asleep to not see what is happening.

If many of these oil countries or even OPEC itself stopped using the petrodollar, no one would need to hoard it anymore. These massive quantities of US dollars would be sent back to the Federal Reserve in exchange for whichever currency replaces it.

The value of the dollar would shrink dramatically and the Fed would be forced to take steps to shrink the money supply to stem massive inflation. The raising of the Federal Funds rate would mean that there would not be enough new loans created to pay off old loans.

This is necessary, because there is always more debt in the economy than there is money, because money is created with interest attached, from the very beginning we are all indebted to a small cartel that sits behind the federal reserve.

Their way out of this mess is to kick the can down the road with more wars and destruction of lives on the other side of the planet, and quantitative easing here at home.

How is that working out for you?

Are you awake yet?